Equity Resources Mortgage Rates, Fees & Info
NEWARK, OHLEI: 549300G2LV8W3C1G3762
Tax ID: 31-1401378
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Mortgage Data
Review & Overview
Equity Resources is a small mortgage company specializing in Refi and Home Purchase loans. Equity Resources has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Raleigh, Pittsburgh, Washington, and Baltimore among others. We have data for 181 markets. (Some data included below & more in-depth data is available with an active subscription.)Equity Resources has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Equity Resources is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/18/24 |
| 30 Year Conventional Purchase | 6.74% | 4/18/24 |
| 30 Year Conventional Refi | 6.56% | 4/18/24 |
| 30 Year Cash-out Refi | 6.79% | 4/18/24 |
| 30 Year FHA Purchase | 7.45% | 4/18/24 |
| 30 Year FHA Refi | 6.90% | 4/18/24 |
| 30 Year VA Purchase | 6.26% | 4/18/24 |
| 30 Year VA Refi | 5.91% | 4/18/24 |
| 30 Year USDA Purchase | 6.86% | 4/18/24 |
| 30 Year USDA Refi | 6.72% | 4/18/24 |
| 15 Year Conventional Purchase | 6.24% | 4/18/24 |
| 15 Year Conventional Refi | 6.04% | 4/18/24 |
| 15 Year Cash-out Refi | 6.04% | 4/18/24 |
| 15 Year FHA Purchase | 7.48% | 4/18/24 |
| 15 Year VA Refi | 5.68% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Equity Resources Mortgage Calculator
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This is not an official calculator from Equity Resources. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
13,113Origination Dollar Volume (All Markets)
$2,942,455,000Awards
EQUITY RESOURCES - 2020
EQUITY RESOURCES is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 2,298 | $499,180,000 | $217,224 | $2,864 | 3.03% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1,553 | $407,205,000 | $262,205 | $3,264 | 3.10% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2,029 | $394,815,000 | $194,586 | $4,518 | 3.10% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 562 | $189,260,000 | $336,762 | $4,166 | 3.03% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 506 | $150,880,000 | $298,182 | $4,052 | 3.10% |
| TOLEDO, OH (FHA|USDA|VA) | 627 | $95,535,000 | $152,368 | $3,277 | 3.10% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 237 | $87,345,000 | $368,544 | $4,064 | 3.12% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 256 | $65,050,000 | $254,102 | $3,362 | 3.15% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 307 | $58,495,000 | $190,537 | $3,506 | 3.04% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 237 | $55,125,000 | $232,595 | $4,241 | 3.17% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 174 | $51,790,000 | $297,644 | $4,486 | 2.99% |
| WILMINGTON, NC (FHA|USDA|VA) | 193 | $46,375,000 | $240,285 | $3,573 | 3.15% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 253 | $44,645,000 | $176,462 | $3,526 | 3.18% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 192 | $44,440,000 | $231,458 | $3,800 | 3.23% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 211 | $42,535,000 | $201,588 | $3,639 | 3.09% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 204 | $38,750,000 | $189,951 | $4,361 | 3.12% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 128 | $38,170,000 | $298,203 | $2,634 | 3.07% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 137 | $30,885,000 | $225,438 | $3,610 | 3.22% |
| MONROE, MI (FHA|USDA|VA) | 139 | $24,845,000 | $178,741 | $2,984 | 2.96% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 101 | $24,635,000 | $243,911 | $3,837 | 3.10% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 128 | $23,880,000 | $186,563 | $3,998 | 3.26% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 109 | $22,975,000 | $210,780 | $4,373 | 3.06% |
| Outside of Metro Areas | 132 | $22,310,000 | $169,015 | $3,789 | 3.18% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 146 | $22,300,000 | $152,740 | $3,272 | 3.26% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 77 | $21,325,000 | $276,948 | $4,116 | 3.05% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 111 | $21,065,000 | $189,775 | $3,465 | 3.14% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 65 | $19,995,000 | $307,615 | $3,253 | 2.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 91 | $19,415,000 | $213,352 | $3,823 | 2.98% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 59 | $18,255,000 | $309,407 | $5,386 | 3.24% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 71 | $17,585,000 | $247,676 | $5,175 | 3.19% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 66 | $17,570,000 | $266,212 | $4,628 | 3.14% |
| ALTOONA, PA (FHA|USDA|VA) | 119 | $17,115,000 | $143,824 | $4,044 | 2.97% |
| Morehead City, NC (FHA|USDA|VA) | 61 | $16,675,000 | $273,361 | $3,859 | 3.14% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 71 | $16,645,000 | $234,437 | $3,718 | 3.30% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 58 | $15,970,000 | $275,345 | $5,102 | 2.84% |
| ERIE, PA (FHA|USDA|VA) | 99 | $14,915,000 | $150,657 | $4,077 | 3.10% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 97 | $14,825,000 | $152,835 | $3,950 | 3.07% |
| Boone, NC (FHA|USDA|VA) | 45 | $10,305,000 | $229,000 | $3,389 | 3.01% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 42 | $9,370,000 | $223,095 | $4,759 | 3.18% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 40 | $8,690,000 | $217,250 | $3,950 | 3.37% |
| New Castle, PA (FHA|USDA|VA) | 54 | $7,530,000 | $139,444 | $4,528 | 3.26% |
| ASHEVILLE, NC (FHA|USDA|VA) | 27 | $7,195,000 | $266,481 | $3,530 | 3.03% |
| Mount Vernon, OH (FHA|USDA|VA) | 42 | $6,580,000 | $156,667 | $3,546 | 3.21% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 23 | $6,455,000 | $280,652 | $4,122 | 3.00% |
| Torrington, CT (FHA|USDA|VA) | 25 | $5,905,000 | $236,200 | $3,812 | 2.98% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 22 | $5,260,000 | $239,091 | $2,393 | 3.12% |
| BURLINGTON, NC (FHA|USDA|VA) | 24 | $5,210,000 | $217,083 | $4,136 | 3.08% |
| Zanesville, OH (FHA|USDA|VA) | 30 | $5,090,000 | $169,667 | $3,546 | 2.98% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 23 | $4,985,000 | $216,739 | $3,205 | 3.02% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 33 | $4,665,000 | $141,364 | $3,231 | 3.07% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 22 | $4,450,000 | $202,273 | $3,310 | 2.99% |
| LANCASTER, PA (FHA|USDA|VA) | 25 | $4,445,000 | $177,800 | $3,553 | 2.95% |
| Wilmington, OH (FHA|USDA|VA) | 28 | $4,370,000 | $156,071 | $4,168 | 3.08% |
| MANSFIELD, OH (FHA|USDA|VA) | 25 | $4,285,000 | $171,400 | $3,946 | 3.11% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 21 | $4,105,000 | $195,476 | $4,353 | 3.40% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 11 | $4,075,000 | $370,455 | $5,001 | 2.82% |
| GETTYSBURG, PA (FHA|USDA|VA) | 18 | $3,710,000 | $206,111 | $4,879 | 3.32% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 13 | $3,355,000 | $258,077 | $4,512 | 3.08% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 25 | $3,295,000 | $131,800 | $3,936 | 2.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $3,295,000 | $253,462 | $4,395 | 3.07% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $3,210,000 | $229,286 | $3,756 | 3.34% |
| GREENVILLE, NC (FHA|USDA|VA) | 12 | $2,540,000 | $211,667 | $3,291 | 3.08% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 11 | $2,375,000 | $215,909 | $4,311 | 3.20% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 10 | $2,340,000 | $234,000 | $5,156 | 3.36% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 13 | $2,275,000 | $175,000 | $2,294 | 2.93% |
| GOLDSBORO, NC (FHA|USDA|VA) | 14 | $2,260,000 | $161,429 | $3,380 | 3.16% |
| AKRON, OH (FHA|USDA|VA) | 12 | $2,210,000 | $184,167 | $2,984 | 3.25% |
| Marion, OH (FHA|USDA|VA) | 22 | $2,180,000 | $99,091 | $3,418 | 3.34% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 12 | $2,180,000 | $181,667 | $2,635 | 3.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 10 | $2,160,000 | $216,000 | $3,553 | 3.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 8 | $2,150,000 | $268,750 | $3,410 | 2.97% |
| Portsmouth, OH (FHA|USDA|VA) | 13 | $2,135,000 | $164,231 | $3,417 | 3.13% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $3,370 | 3.11% |
| OCALA, FL (FHA|USDA|VA) | 11 | $2,125,000 | $193,182 | $3,932 | 3.18% |
| Huntingdon, PA (FHA|USDA|VA) | 12 | $2,040,000 | $170,000 | $3,386 | 3.02% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $2,971 | 2.83% |
| Fremont, OH (FHA|USDA|VA) | 15 | $1,905,000 | $127,000 | $3,090 | 3.15% |
| Somerset, PA (FHA|USDA|VA) | 10 | $1,870,000 | $187,000 | $4,598 | 3.03% |
| Easton, MD (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $4,901 | 3.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $1,790,000 | $179,000 | $2,909 | 2.95% |
| Salem, OH (FHA|USDA|VA) | 11 | $1,785,000 | $162,273 | $4,180 | 3.42% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $4,472 | 3.17% |
| Meadville, PA (FHA|USDA|VA) | 13 | $1,655,000 | $127,308 | $3,872 | 3.13% |
| Sanford, NC (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $3,620 | 3.23% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 10 | $1,620,000 | $162,000 | $3,185 | 3.13% |
| Bellefontaine, OH (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $2,615 | 3.22% |
| Urbana, OH (FHA|USDA|VA) | 10 | $1,460,000 | $146,000 | $3,558 | 3.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $5,899 | 2.81% |
| JACKSON, MI (FHA|USDA|VA) | 13 | $1,425,000 | $109,615 | $2,666 | 3.04% |
| Sidney, OH (FHA|USDA|VA) | 9 | $1,415,000 | $157,222 | $2,953 | 3.38% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $2,585 | 2.75% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $3,406 | 3.28% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $3,483 | 3.21% |
| Adrian, MI (FHA|USDA|VA) | 9 | $1,315,000 | $146,111 | $2,682 | 2.89% |
| NEW BERN, NC (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $4,541 | 2.83% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $3,644 | 2.96% |
| Ashland, OH (FHA|USDA|VA) | 10 | $1,130,000 | $113,000 | $3,150 | 3.15% |
| Georgetown, SC (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $3,536 | 3.28% |
| Henderson, NC (FHA|USDA|VA) | 8 | $1,050,000 | $131,250 | $3,365 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $7,479 | 3.43% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $4,372 | 3.58% |
| Sandusky, OH (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $3,059 | 2.98% |
| Coshocton, OH (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $2,988 | 2.82% |
| LEBANON, PA (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $5,320 | 3.50% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 10 | $870,000 | $87,000 | $3,812 | 3.26% |
| Indiana, PA (FHA|USDA|VA) | 8 | $870,000 | $108,750 | $3,871 | 3.20% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $4,227 | 3.13% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $2,696 | 3.09% |
| Rockingham, NC (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $5,175 | 3.08% |
| Kinston, NC (FHA|USDA|VA) | 6 | $710,000 | $118,333 | $3,318 | 2.83% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,627 | 2.94% |
| Wilson, NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,058 | 3.29% |
| Findlay, OH (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $2,679 | 2.83% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,199 | 3.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,178 | 3.06% |
| Defiance, OH (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $3,398 | 3.17% |
| Wooster, OH (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,754 | 3.31% |
| Brevard, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,523 | 2.63% |
| Chillicothe, OH (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,249 | 3.42% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,780 | 2.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,903 | 3.19% |
| Shelby, NC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,357 | 3.17% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,649 | 3.63% |
| WHEELING, WV-OH (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $3,743 | 3.00% |
| Hillsdale, MI (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $2,441 | 3.16% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $2,955 | 3.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,437 | 3.92% |
| Marietta, OH (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $2,759 | 3.28% |
| DuBois, PA (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $4,251 | 2.97% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,421 | 2.44% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,226 | 2.88% |
| MORGANTOWN, WV (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,732 | 2.56% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,748 | 3.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,485 | 2.63% |
| HARRISONBURG, VA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $2,347 | 2.88% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $2,042 | 2.63% |
| Greenville, OH (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $3,424 | 3.25% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,220 | 3.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $2,878 | 3.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,345 | 2.81% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,500 | 3.38% |
| Athens, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,321 | 3.19% |
| Laurinburg, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,793 | 3.38% |
| Jackson, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,978 | 3.50% |
| FLORENCE, SC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,499 | 3.29% |
| LIMA, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,897 | 2.81% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,082 | 3.81% |
| Keene, NH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,084 | 3.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,976 | 2.63% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,710 | 3.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,533 | 3.38% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,559 | 3.75% |
| Norwalk, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,864 | 3.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,559 | 3.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,290 | 3.38% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,450 | 4.50% |
| READING, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,196 | 2.63% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,234 | 2.94% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,104 | 2.38% |
| New Castle, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,678 | 2.75% |
| Marion, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,997 | 2.75% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,089 | 2.88% |
| Laconia, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,646 | 3.75% |
| Palatka, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,700 | 3.63% |
| Forest City, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,455 | 2.63% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,319 | 3.25% |
| Washington, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,260 | 2.50% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,705 | 2.88% |
| Maysville, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,158 | 2.75% |
| Cambridge, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,343 | 3.13% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,078 | 4.38% |
| Angola, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,050 | 3.38% |
| Lake City, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,992 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,406 | 2.50% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,288 | 2.50% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,131 | 2.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,731 | 3.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,202 | 2.38% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,096 | 4.13% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,132 | 3.50% |
| Big Stone Gap, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,337 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against EQUITY RESOURCES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2020, Equity Resources's most frequently originated type of loan was Conventional, with 11,017 originations. Their 2nd most popular type was FHA, with 1,001 originations.
Loan Reason
For 2020, Equity Resources's most frequently cited loan purpose was Refi, with 5,932 originations. The 2nd most popular reason was Home Purchase, with 5,413 originations.
Loan Duration/Length
For 2020, Equity Resources's most frequently cited loan duration was 30 Year, with 9,775 originations. The 2nd most popular length was 15 Year, with 1,808 originations.
Origination Fees/Closing Costs
Equity Resources's average total fees were $3,927, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,984 originations.
Interest Rates
During 2020, Equity Resources's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 2.5-3%, with 5,717 originations.
Loan Sizing
2020 saw Equity Resources place emphasis on $200k-400k loans with 5,667 originations, totaling $1,572,825,000 in origination value.
Applicant Income
Equity Resources lent most frequently to those with incomes in the $100k-150k range, with 3,040 originations. The second most popular income band? $50k-75k, with 3,038 originations.
Applicant Debt to Income Ratio
Equity Resources lent most frequently to those with DTI ratios of 20-30%, with 3,568 originations. The next most common DTI ratio? 30-36%, with 2,587 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.71%
Equity Resources has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination56.75%
Equity Resources has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13,113 | $2,942,455,000 | $224,392 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 99 | $13,465,000 | $136,010 |
| Single Family (1-4 Units):Site-Built | 13,014 | $2,928,990,000 | $225,065 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| EQUITY RESOURCES, INCORPORATED | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |